This was on ebay anyone had any dealings with them?

We can offer Boat insurance, at an excellent rate for hard to insure boats

All damage is covered, including fire, theft, accidental damage, malicious damage, collision etc. A survey is generally not required.


www.southerncircle.com.au

With the completion and payment of a Policy we will forward a 5% commission of the premium to your designated bank account. Please ensure you include the customer's name when you notify us of a completion.

Rate start at $200.00 Link http://www.southerncircle.com.au/marineinsurance.php

With insurance it is necessary to know who the "underwriter" is before committing to a policy.

Insurance is a multi level business where the retailers will take your money and give you all sorts of promises. A mine field really.

QBE is one company that takes on some non mainstream risks.

They will take on rowing sculls and land yachts (if they are blokarts[}:)]).

It is worth spending time on research with insurance rather than accepting the cheapest quote.

I don't worry too much about premiums but I do make sure of policy and coverage.

You know, like Labor governments. Promises, promises.

G'day Graham,

I worked in insurance after leaving the Navy and know the importance of policy wordings.

Last year I posed a number of questions to Nautilus re their approach to a claim for losing the rig. The response is that it would be considered wear and tear even if the rig was in date and therefore not covered, except if it was lost by hitting something or being hit by something. A part of their email to me is below.

In effect Nautilus cover accidents, anything that fails in operation is wear and tear.

For those items they do cover they get the market value from eBay (their words) or trade. They then pay a portion of the market value. A mast on eBay is almost worthless and the rest of the rig less than worthless.

They are cheap but a claim is a high risk proposition to get any value.

A Club Marine response to the same question is at the bottom. They also pay based on market value but take a more generous approach to calculating it.

Nautilus response:
Claim Settlement:

It is difficult to give you an answer to each claim scenario you have given. Each and every claim is taken on its own merits. The claim has to be recoverable in terms of the policy wording. For example, if the mast fell down to a failed fitting, this might be attributed to wear and tear which we don't insure. Because of this, we are unable to give you a hard and fast answer.

However, there are a few general rules that apply with a claim. The market value of the damaged item is ascertained at the time of the incident by phoning the dealers, looking in the trading post and on the internet. If the damage repair bill is more than the value of the item, we might replace the item with a new one but ask you for a contribution towards the cost. The amount or percentage depends on how old and in what condition the item was. If the damage repair bill is reasonable, we would probably pay the whole bill.

Club Marine emailed me the following:
In relation to your query regarding the standing rigging, provided it is maintained, rig failure would be covered to the extent of the Club Marine Pleasurecraft Insurance Policy.

steer well clear of EDWARD WILLIAM MARINE SERVICES, there is lots of people who never got there claim paid